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Summary of Q3 2019 ETF Flows and Trends¹
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Total US-listed ETF assets reached $4.06 trillion at the end of Q3 2019, an 8.5% year-over-year increase. Estimated net asset flows in Q3 2019 totaled $67.1 billion, compared to $79.7 billion Q2 2019.
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US Equity ETFs received the strongest estimated net inflows in Q3 2019, with a total of $34.8 billion. However, the narrower Sector Equity ETFs category had estimated net outflows of $2.2 billion. International Equity ETFs also had estimated net outflows in Q3 2019, totaling $14.3 billion, the category's largest quarterly outflows on record.
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Taxable Bond ETFs had the second highest estimated net inflows in Q3 2019 with $34.7 billion. Municipal Bond ETFs received $3.0 billion in estimated net inflows in Q3 2019, increasing year-over-year assets by 35.2%.
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Commodities ETFs received estimated net inflows of $8.8 billion in Q3 2019, the most quarterly inflows since Q1 2016.
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Alternative and Allocation ETFs had estimated net inflows of $1.7 billion and $0.6 billion, respectively, in Q3 2019, each rebounding from net outflows in the previous quarter.
¹Source: Morningstar, as of 9/30/19. Includes all US-listed exchange-traded funds, exchange-traded notes and other exchange-traded products. All net inflow and outflow numbers are estimates based on information provided by Morningstar.
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